|November 14, 2011
Papademos given mandate to form new Greek gov't
Lucas Papademos, a respected former central banker and European Central Bank (ECB) vice-president, was given the mandate on Thursday to form a new Greek government, succeeding George Papandreou.
In statements immediately upon his exit from the presidential mansion, Papademos said the problems faced by Greece are "huge, despite the efforts made (to deal with them) ... The country is at a crucial cross-roads, and the choices that will be made in terms of the policies to be implemented will be of decisive significance for the prosperity of the Greek people".